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Qatar set to revolutionise global solar industry

Palestinian workers install solar panels atop the roof of a medical centre in Gaza City March 1 2016 REUTERS Ibraheem Abu Mustafa(1)By Mohammad Shoeb

DOHA: Qatar Solar Technologies (QSTech) is working to bring massive improvements to galvanise the solar industry across the globe.

The company is committed to producing over 6,500MW  (6.5GW) worth of photovoltaic solar facilities to promote renewable energy, said a top official of QSTech.

It has joined hands with global leaders — SolarWorld and Centrotherm Photovoltaics AG — both German companies manufacturing and marketing photovoltaic products worldwide.

QSTech, a member of Qatar Foundation, has made significant investments in the photovoltaic businesses Centrotherm and Solar World, a move expected to strengthen its position across the photovoltaic value chain in the world.

“One of our visions is to be a globally leading integrated company. Getting involved in Solar World, which is the major producer of panels in Europe and the US and Centrotherm, a general combined technology provider with 95 percent of the polysilicon market share worldwide and 45 percent of the semiconductors market,” Dr Khalid K Al Hajri, Chairman and CEO, QSTech, said in an interview with London-based magazine World Finance.

 

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